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Two recommendations by Citi book-ended the Footsie on a day when many stock market professionals were too nervous to trade.

There was Sage Group, a supplier of software to help small businesses keep their books. Its shares improved 5½p to 309¾p after Citi urged clients to buy them, as part of a wider review of the sector.

Hugo Mills, the broker’s tech guru, declared that he had turned more positive about the Newcastle-based company — despite its rise of more than 9 per cent so far this year — because of its likely earnings, share buy-backs and “strategic focus”, all within an